I used to run a ORB with TQQQ in a automated way, its just ORB has some pretty nasty drawdowns compared to the above strategy - very unlikely i'll live through those kind of drawdowns. In general though, what works on QQQ/TQQQ will typically do much better with NQ - due to slippage/costs. This is especially true with high turnover daily strategies where costs are a big factor.
I really appreciate the straight talk here...though you lost me at backtesting options. The ORB seems like a good strategy...if (as you say) you are on top of it and have a strict and tight stop in play.
What's funny is I just reran the QQQ backtest, but with no stop losses at all. I found it had similar win rates and a higher end profit of about $24.5K for the same period. Oops?
Nice! I use https://www.quantitativo.com/p/intraday-momentum-for-es-and-nq, i find it quite easy to grasp and has great returns on NQ. This has to be automated.
I used to run a ORB with TQQQ in a automated way, its just ORB has some pretty nasty drawdowns compared to the above strategy - very unlikely i'll live through those kind of drawdowns. In general though, what works on QQQ/TQQQ will typically do much better with NQ - due to slippage/costs. This is especially true with high turnover daily strategies where costs are a big factor.
I really appreciate the straight talk here...though you lost me at backtesting options. The ORB seems like a good strategy...if (as you say) you are on top of it and have a strict and tight stop in play.
What's funny is I just reran the QQQ backtest, but with no stop losses at all. I found it had similar win rates and a higher end profit of about $24.5K for the same period. Oops?